Abu Dhabi – Mubasher: S&P Global Rating has affirmed the long-term sovereign credit rating of Abu Dhabi at 'AA' and the short-term foreign and domestic currency rating at 'A-1+', with a stable outlook. S&P Global Rating expected that Abu Dhabi's …
Mubasher: Standard and Poor's (S&P) has lowered Kuwait's long-term foreign and local-currency sovereign credit ratings to (AA-) from (AA), Kuwait News Agency (KUNA) reported "The oil price drop is happening alongside Kuwait's slow reform momentum, …
Mubasher: Moody's Investors Service has assigned a (P) Baa2 rating to EQUATE Petrochemical Company’s new GMTN programme that is established under MEGlobal Canada ULC, with a ‘Negative’ outlook. The rating and outlook mirror the previously …
Riyadh – Mubasher: Moody's Investors Service has affirmed the A1 long-term deposit ratings and P-1 short-term deposit ratings of Banque Saudi Fransi (BSF), and changed the outlook on the bank's long-term deposit ratings to negative from stable. At …
Mubasher: Moody’s Investors Service has assigned a rating of ‘Aa3’ for the long-term issuer default rating (IDR) of the National Bank of Kuwait (NBK), with a ‘Stable’ outlook. The rating reflects the bank’s ability to maintain robust performance …
Mubasher: Standard and Poor's (S&P) has maintained Kuwait Projects Holding’s (KIPCO) long-term issue credit rating at ‘BBB-’ and the short-term issue credit rating at ‘A-3’. The company's outlook was also maintained at ‘Negative', according to a …
UAE – Mubasher: New guidelines and measures set by the Central Bank of the UAE (CBUAE) amid the global coronavirus outbreak will mitigate its impact and support Emirati economy, Moody's Investors Service said in a recent report, according to …
Mubasher: Moody's Investors Service stated that the outlook for the Kuwaiti banking system remains ‘Stable’, bolstered by a robust economic growth, which will support credit conditions for the country's banks. Kuwait's non-oil GDP growth is …
Riyadh – Mubasher: ACWA Power Investment and Management One Ltd. (APMI One) announced that Fitch Ratings has assigned a BBB- rating to its $814 million 5.95% senior secured bond, with a stable outlook. The bond, issued in May 2017 by ACWA Power’s …
UAE – Mubasher: The profitability of the UAE’s four largest banks will likely remain resilient in 2020, benefitting from the strong public-sector loan growth, according to a recent report by Moody's Investors Service (Moody's) First Abu Dhabi Bank …
Mubasher: Moody's Investors Service has downgraded the Lebanese government’s issuer rating to Ca from Caa2, changing the outlook to stable. The Ca rating reflects the expectation that domestic and external private creditors are likely to suffer …
UAE – Mubasher: Moody's Investors Service has downgraded Sharjah’s long-term foreign and local currency issuer ratings from ‘A3’ to ‘Baa2’, while changing the outlook from ‘Negative’ to ‘Stable’. The downgrade of Sharjah’s rating reflects lower …
Dubai – Mubasher: Moody's Investors Service has assigned on review DP World’s ‘Baa1’ long term issuer and senior unsecured ratings, as well as ‘(P)Baa1’ senior unsecured rating placed to the company’s Crescent Limited MTN programme. This …
Abu Dhabi – Mubasher: Moody's Investors Service on Wednesday announced that it placed Abu Dhabi National Energy Company’s (TAQA) ratings under review for upgrade. This review will include the company's A3 long-term issuer rating and P-2 short-term …
Mubasher: Capital Intelligence (CI) raised the long-term foreign currency rating (LT FCR) of Burgan Bank to ‘A+’ from ‘A’, with a 'Stable' outlook, and affirmed the short-term foreign currency rating (ST FCR) at 'A1'. The agency also upgraded …
Mubasher: The US-based credit rating agency AM Best has affirmed the financial strength rating and long-term issuer credit rating of Kuwait Insurance Company at ‘A-’, with a 'Stable' outlook. The ratings reflect the insurance company’s robust …
Mubasher: The KWD 30 million ($98.9 million) senior unsecured bonds issue of National Industries Group Holding, listed on Boursa Kuwait and Dubai Financial Market (DFM), was assigned a ‘BBB-’ initial rating by Capital Intelligence Ratings (CI …
Riyadh – Mubasher: Moody's Investors Service has assigned a provisional foreign-currency long-term (P)A2 senior unsecured rating to Riyad Sukuk Limited's backed $3 billion trust certificate issuance programme. The Sukuk issuance was also assigned …
Riyadh – Mubasher: Saudi banks’ profitability has been resilient and remains a strength for the sector, according to a recent report by Fitch Ratings. Profitability is underpinned by strong franchises, cheap funding, and limited competition, …
Dubai – Mubasher: Moody's Investors Service has assigned an ‘A2’ Insurance Financial Strength (IFS) rating to Oman Insurance Company, with a ‘Stable’ outlook. The rating indicates the UAE-based company’s strong market position in MENA, diversified …
Cairo – Mubasher: Capital Intelligence Ratings (CI Ratings) has affirmed the long-term foreign currency rating of Export Development Bank of Egypt (EBE) at ‘B+’. The rating agency also affirmed the bank’s short-term foreign currency rating at ‘B’, …
Mubasher: Moody's Investors Service has affirmed credit ratings of two Kuwaiti banks, according to a statement released on Friday. The global rating agency affirmed the A1 / Prime-1 long and short-term domestic and foreign currency deposit ratings …
Cairo – Mubasher: The Egyptian banking system has a stable outlook over the next twelve to 18 months with the help of high liquidity rates and robust economic growth that will help lenders provide more loans, Moody's Investors Service said in a …
